Wednesday, September 13, 2017 10:15 PM ET
Primoris Services (PRIM) sees Significant Insider Selling Continuing
There was a notable sale of shares of Primoris Services by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Brian Pratt, 10% Owner and Director — disposed of 436,926 shares in the company having a market value of approximately $12,391,830. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 311,933 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 748,859 shares and have averaged 374,430 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Primoris Services is greater than the 40-company peer group average. Construction & Engineering peer group saw 17 buy/sell trades during this period for an average of 0.4 transactions per company. The number of shares per buy/sell trade for Primoris Services insiders was also higher. Within the peer group there were 97,350 shares purchased and 430,933 shares sold with company insiders having sold 19,623 shares on average.
The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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